PROCEDURES FOR SUSPENDING BUSINESS ACTIVITIES:

Enterprises must notify the Business Registration Authority in writing at least 03 working days before the date of suspension of business or resumption of business before the notified deadline. (Clause 1, Article 206 of the Enterprise Law career 2020).

Document procedures for notifying the business registration office: In case an enterprise temporarily suspends business, the notice must include a resolution, decision and a copy of the meeting minutes of the Board of Members for the company. Limited liability company with two or more members, partnership, or Board of Directors for joint stock companies; Resolution or decision of the company owner for a one-member limited liability company on temporary business suspension. (Clause 2, Article 66 of Decree 01/2021/ND-CP guiding enterprise procedures).

MAXIMUM PERIOD OF SUSPENSION OF BUSINESS ACTIVITIES:

In case an enterprise, branch, representative office, or business location temporarily suspends business or resumes business before the announced deadline, the enterprise sends a notice to the Business Registration Office where the enterprise is located. , branch, representative office, business location at least 03 working days before the date of business suspension or resume business before the announced deadline. In case an enterprise, branch, representative office, or business location wishes to continue to temporarily suspend business after the expiration of the notified period, it must notify the Business Registration Office no later than 03 working days. before the date of continued suspension of business. The business suspension period of each notice must not exceed one year. (Clause 1, Article 66 of Decree 01/2021/ND-CP guiding business procedures.

According to the above regulations, the duration of each temporary suspension of business operations is a maximum of 1 year, if your business wishes to continue the temporary suspension. then perform the next suspension procedure. There is no regulation on the maximum number of suspensions under the old Law.

During the temporary suspension of business activities, do I have to pay license tax?

According to the regulations on tax administration, the license fee is a mandatory annual fee that businesses must pay according to regulations, except in cases where the business temporarily stops for a full financial year, then it will be deducted. exemption of license fees for the year of temporary suspension of business activities.

For example: Enterprise A registers to temporarily suspend business operations from January 1, 2020 - December 31, 2020, in this case the 2020 license fee is exempted.

Refer to the service: >>> Price list of business registration services

Consultation hotline: 0935289747 – Mr. Tran Huu Toan